New York, May 13, 2016 -- Moody's Investors Service today affirmed PFS Holding Corporation's B3 Corporate Family and B3-PD Probability of Default Ratings, and revised the rating outlook to stable from negative. The stable outlook reflects Moody's expectations of continued good execution of operations, positive free cash flow, and the maintenance of adequate liquidity. It also reflects Moody's expectation that PFS will reduce its financial leverage in the near term, with debt to EBITDA approaching 7.0 times by year end 2016.
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